# Tex. Insurance Code § 424.056: WRITTEN INVESTMENT PLAN

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.056

## Section

- **Citation:** Tex. Insurance Code § 424.056
- **Heading:** WRITTEN INVESTMENT PLAN
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 424 / Section 424.056

## Text

(a) Each insurer's board of directors, or, if the insurer does not have a board of directors, the corresponding authority designated by the insurer's charter, bylaws, or plan of operation, shall adopt a written investment plan consistent with the requirements of:

(1) this chapter;

(2) Sections 822.204, 822.209, 861.258, and 862.002; and

(3) other statutes governing investments by the insurer.

(b) The investment plan must:

(1) specify the diversification of the insurer's investments designed to reduce the risk of large losses, by:

(A) broad categories, such as bonds and real property loans;

(B) kinds, such as government obligations, obligations of business entities, mortgage-backed securities, and real property loans on office, retail, industrial, or residential properties;

(C) quality;

(D) maturity;

(E) type of industry; and

(F) geographical areas, as to both domestic and foreign investments;

(2) balance safety of principal with yield and growth;

(3) seek a reasonable relationship of assets and liabilities as to term and nature; and

(4) be appropriate considering the capital and surplus and the business conducted by the insurer.

(c) At least annually, the board of directors or corresponding authority shall review the adequacy of the investment plan and the implementation of the plan.

(d) An insurer shall maintain the insurer's investment plan in the insurer's principal office and provide the plan to the commissioner or the commissioner's designee on request. The commissioner or the commissioner's designee shall maintain the plan as a privileged and confidential document. The plan is not subject to public disclosure.

## Nearby sections

- [Tex. Insurance Code § 424.001 § 424.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.001.md)
- [Tex. Insurance Code § 424.002 § 424.002. INAPPLICABILITY OF CERTAIN LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.002.md)
- [Tex. Insurance Code § 424.051 § 424.051. GENERAL INVESTMENT AUTHORITY SPECIFIED BY LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.051.md)
- [Tex. Insurance Code § 424.052 § 424.052. ADDITIONAL GENERAL INVESTMENT AUTHORITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.052.md)
- [Tex. Insurance Code § 424.053 § 424.053. LIMITATION AS TO SINGLE ISSUER OR BORROWER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.053.md)
- [Tex. Insurance Code § 424.054 § 424.054. APPLICABILITY OF PERCENTAGE AUTHORIZATIONS AND LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.054.md)
- [Tex. Insurance Code § 424.055 § 424.055. WAIVER BY COMMISSIONER OF QUANTITATIVE LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.055.md)
- [Tex. Insurance Code § 424.056 § 424.056. WRITTEN INVESTMENT PLAN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.056.md)
- [Tex. Insurance Code § 424.057 § 424.057. INVESTMENT RECORDS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.057.md)
- [Tex. Insurance Code § 424.058 § 424.058.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.058.md)
- [Tex. Insurance Code § 424.059 § 424.059.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.059.md)
- [Tex. Insurance Code § 424.060 § 424.060.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.060.md)
- [Tex. Insurance Code § 424.061 § 424.061.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.061.md)
- [Tex. Insurance Code § 424.062 § 424.062.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.062.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C424_S424.056. Check the current official text before relying on it. Not legal advice.